KPMG Faces Tough Questions After Giving Failed Banks a Clean Bill of Health
KPMG, the largest auditor of US banks, is facing mounting questions about the quality of its work and independence following three bank failures since March. The accounting firm was auditor to Silicon Valley Bank, First Republic, and Signature, and gave all three banks a clean bill of health as rece
SEC Probes First Republic Executives’ Trades Before JPMorgan Sale
According to two anonymous sources, the Securities and Exchange Commission (SEC) is investigating the actions of First Republic Bank’s former executives prior to the bank’s takeover by JPMorgan Chase & Co. The probe is focused on whether any former executives engaged in insider tradi
